Onsemi (ON) Stock Forecast & Price Target

$71.54

+1.21 (+1.72%)

(As of 10/4/2024 ET)

Onsemi - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 24 Analyst Ratings

Sell
2

Hold
7

Buy
15

Based on 24 Wall Street analysts who have issued ratings for Onsemi in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 24 analysts, 2 have given a sell rating, 7 have given a hold rating, and 15 have given a buy rating for ON.

Consensus Price Target

$85.61
19.67% Upside

According to the 24 analysts' twelve-month price targets for Onsemi, the average price target is $85.61. The highest price target for ON is $104.00, while the lowest price target for ON is $55.00. The average price target represents a forecasted upside of 19.67% from the current price of $71.54.

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ON Analyst Ratings Over Time

Type	Current Forecast 10/6/23 to 10/5/24	1 Month Ago 9/6/23 to 9/5/24	3 Months Ago 7/8/23 to 7/7/24	1 Year Ago 10/6/22 to 10/6/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	15 Buy rating(s)	16 Buy rating(s)	18 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$85.61	$85.61	$90.28	$108.78
Forecasted Upside	19.67% Upside	21.86% Upside	23.03% Upside	19.63% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ON Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ON Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Onsemi Stock vs. The Competition

Type	Onsemi	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.54	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	19.67% Upside	1,691.71% Upside	7.02% Upside
News Sentiment Rating	Neutral News See Recent ON News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/30/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$80.00 ➝ $90.00	+19.78%
7/30/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Boost Target	Buy ➝ Buy	$85.00 ➝ $90.00	+21.34%
7/30/2024	Roth Mkm 1 of 5 stars		Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+34.39%
7/30/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$70.00 ➝ $75.00	+0.79%
7/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $97.00	+23.93%
7/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $88.00	+12.43%
Get the Latest News and Ratings for ON and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Onsemi and its competitors with MarketBeat's FREE daily newsletter.
7/30/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$80.00 ➝ $90.00	+14.99%
7/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$85.00 ➝ $90.00	+14.99%
7/17/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$85.00 ➝ $95.00	+20.65%
7/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Danely Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$85.00 ➝ $77.00	+0.17%
7/11/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$70.00 ➝ $65.00	-15.13%
7/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$90.00 ➝ $85.00	+13.32%
6/13/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$92.00 ➝ $92.00	+20.70%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$95.00 ➝ $100.00	+41.92%
4/30/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$115.00 ➝ $103.00	+45.44%
4/30/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$92.00 ➝ $87.00	+22.85%
4/23/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$110.00 ➝ $95.00	+55.00%
4/19/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underperform	$55.00	-12.60%
4/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$82.00 ➝ $72.00	+14.58%
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$91.00 ➝ $81.00	+26.31%
4/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$104.00	+58.44%
10/31/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral	$120.00 ➝ $60.00	-8.17%
10/30/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$132.00 ➝ $78.00	+16.23%
10/30/2023	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/1/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$105.00 ➝ $110.00	+2.09%
7/31/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$130.00 ➝ $135.00	+25.29%
7/19/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
5/17/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/2/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
2/7/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$81.00 ➝ $95.00	+18.16%
1/10/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
11/15/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$83.00	+11.71%
11/4/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$65.00	+2.86%
11/1/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive	$82.00 ➝ $80.00	+30.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:20 AM ET.

Should I Buy Onsemi Stock? ON Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these Onsemi pros and cons to contact@marketbeat.com.

Onsemi
Bull Case

Here are some ways that investors could benefit from investing in ON Semiconductor Corporation:

ON Semiconductor Corporation has shown consistent revenue growth over the past year, indicating a strong financial performance.
The company's net margin has been increasing steadily, showcasing improved profitability.
ON Semiconductor Corporation's stock price has been on an upward trend, reflecting positive market sentiment.
Recent product innovations, such as the latest semiconductor chips, have positioned the company well for future growth and market competitiveness.
The company's dividend yield has been stable and attractive, providing investors with a source of passive income.

Onsemi
Bear Case

Investors should be bearish about investing in ON Semiconductor Corporation for these reasons:

ON Semiconductor Corporation faces intense competition in the semiconductor industry, which could impact its market share and pricing power.
Fluctuations in raw material prices may affect the company's production costs and overall profitability.
Market volatility and macroeconomic factors could lead to fluctuations in ON Semiconductor Corporation's stock price, posing risks to investors.
Regulatory changes in the semiconductor sector may impact the company's operations and financial performance.
Dependence on key suppliers or customers could expose ON Semiconductor Corporation to supply chain disruptions or revenue fluctuations.

ON Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Onsemi is $85.61, with a high forecast of $104.00 and a low forecast of $55.00.
: 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Onsemi in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ON shares.
: According to analysts, Onsemi's stock has a predicted upside of 19.67% based on their 12-month stock forecasts.
: Over the previous 90 days, Onsemi's stock had 2 downgrades by analysts.
: Onsemi has been rated by research analysts at Bank of America, Benchmark, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Rosenblatt Securities, Roth Mkm, Susquehanna, TD Cowen, and Truist Financial in the past 90 days.
: Analysts like Onsemi less than other "computer and technology" companies. The consensus rating score for Onsemi is 2.54 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how ON compares to other companies.